Chicago

SCHAUMBURG, IL-Three recent deals include Computer Strategy Coordinators, Inc.'s renewal of 25,222 sf at Two Woodfield Lake, where space is offered at $23 per sf gross. Also, Stewart Title renews a 4,000-sf lease at 1515 E. Woodfield Rd.

CHICAGO-Not only does the Downtown condominium market force Heartland Properties to make Phase II of Kinzie Station a rental property, it also decimates the REIT's third-quarter net profit as sales of units stall.

CHICAGO-Property owners are beginning to offer better concession packages that include more generous tenant improvement allowances and even some rental abatement in order to remain competitive in the market.

CHICAGO-Commercial real estate developer and investor Jupiter Realty Corp. buys four South Carolina warehouses with 510,400 sf from Duke-Weeks Realty Trust. The properties are in an industrial park 10 miles west of Spartanburg.

CHICAGO- Columbus, OH-based Pizzuti Cos. vice president of sales and leasing Bill Baumgardner says "The activity is very strong with the big-box users -- 500,000-sf or more...the quality of the companies looking has been very good.

CHICAGO-Mayor Richard M. Daley wants the Millennial Housing Commission, appointed by Congress, to push for a 40% jump in the federal Home Investment Partnerships Program so city's such as his can build new rental housing.

CHICAGO-Tenants of 188 W. Randolph St. say the closing was "overkill," but city officials say their mandated precautions may save a life while they try to find a solution to falling terra cotta from the 46-story building.

CHICAGO-The international real estate services firm says the market's diversity in employers make it better prepared than others to get through the current economic slump. Some "new frontiers" may even see more growth, it says.